The free market involves ?

Related Mcqs:

Resources in an economy ?

A. Are always found B. Can never decease C. Always increase over time D. Are limited at any moment in time...

The circular flow of goods and incomes shows the relationship between?

A. Wages and salaries. B. income and money C. goods and services. firms and households...

The opportunity cost of a good is______________?

A. the time lost in finding it B. the quantity of other goods sacrificed to get another unit of that good C. the expenditure on the good D. the loss of interest in using savings...

Microeconomics is not concerned with the behavior of ?

A. aggregate demand B. firms C. Consumers D. industries....

Which of the following statements is true about a market economy ?

A. With a large enough computer, central planners could guide production more efficiently than markets. B. Market participants act as if guided by an invisible hand to produce outcomes that maximize social welfare C. The strength of a market system is that it tends to distribute resources evenly across consumers. D. Taxes help prices communicate … Which of the following statements is true about a market economy ?Read More...